Holliday GP Corp. ("HFF"), California Department of Real Estate License #01385740.

MISSION AVENUEESCONDIDO BLVD.

CAR WASH & FUEL STATION7 5 0 N . E S C O N D I D O B O U L E V A R D | E S C O N D I D O , C A

LONG TERM, ABSOLUTE NNN INVESTMENT OPPORTUNITY1.81 ACRE HARD CORNER LOT AT HIGH TRAFFIC INTERSECTION

PROPERTY DETAILS

ADDRESS: 750 N Escondido Blvd Escondido, CA 92025

RENTABLE BUILDING AREA: 27,112 SF

OCCUPANCY: 100.0%

YEAR OF COMPLETION: 1990

NUMBER OF BUILDINGS: 3

# OF FUEL PUMPS: 28

SITE AREA: 1.81 Acres

OWNERSHIP: Fee Simple

ASSESSOR PARCEL NUMBER: 229-180-90

ZONING: Commercial General

PRICE: $7,762,000CAP RATE: 6.90%

INVESTMENT OVERVIEWHFF, as exclusive advisor, is pleased to offer the extraordinary opportunity to purchase the fee simple interest in a two-tenant automotive service property (the “Property”), located in one of the most dynamic markets of San Diego County, Escondido. The property is leased to Wash & Mart and Star Auto Glass & Tint both on an Absolute NNN basis with approximately 12 years and 18 years left of original lease term respectively with fixed annual escalations. The Property is strategically located on a hard corner at the intersection of N Escondido Blvd and W Mission Avenue with over 34,600 cars per day passing the property. The property is surrounding by many national retailers including Stater Bros Markets, Food 4 Less, McDonalds, Wells Fargo, Burger King, Taco Bell, Dollar Tree, and Rite Aid.

INVESTMENT SUMMARY

PRICE: $7,762,000

YEAR ONE PROJECTED NOI1: $535,566

(1) Annual NOI is as of January 1, 2019.

MISSION AVENUE

ESCONDIDO BLVD.

2 | |

WASH & MART

MISSION AVENUE

ESCONDIDO BLVD.

AUTO REPAIR

CAR WASH

ADDITIONAL FUEL STATION

SELF STORAGE PROPERTY UNDER

CONSTRUCTION

FOOD MART & WAITING AREA

FUEL STATION & FOOD MART

3 | INTRODUCTION |

WASH & MART

WASH & MART LEASE SUMMARY

TENANT: Wash & Mart (Anthony Squared, Inc)

SQUARE FEET: 20,877 SF

COMMENCEMENT DATE: 6/1/2015

EXPIRATION DATE: 5/31/2030

LEASE TYPE Absolute NNN

ANNUAL BASE RENT SCHEDULE:

ANNUAL RENT (CURRENT): $451,272

INCREASES: 1% Annually through 2020, 2% Annually thereafter

STAR AUTO GLASS & TINT

TENANT: Star Auto Glass & Tint (Firas Jebo and Raad Jebo)

SQUARE FEET: 6,235 SF

COMMENCEMENT DATE: 8/1/2016

EXPIRATION DATE: 7/31/2036

LEASE TYPE: Absolute NNN

ANNUAL BASE RENT SCHEDULE:

ANNUAL RENT (CURRENT): $76,644

INCREASES: 1.5% Annually

LEASE SUMMARIES

4 | INTRODUCTION |

WASH & MART

STABLE CASH FLOW WITH LONG TERM STABILITY

• Long Term Leases: Wash & Mart has approximately 12 years remaining of fixed lease term remaining and Star Auto Glass & Tint has approximately 18 years of remaining fixed lease term offering long term cash flow for an investor. The operator of Wash & Mart also operates many other locations in Southern California, providing industry experience and stability for future investors.

• Attractive Rent Increases: Fixed 1-2% annual increases throughout the initial lease term and option periods.

• Strong Fuel Sales: The fuel station has historically been one of the top stations in Southern California based on annual volume.

INVESTMENT HIGHLIGHTS

ZERO OWNER RESPONSIBILITIES

Absolute NNN leases for both tenants provide no landlord responsibilities or management requirements.

INTERNET RESISTANT RETAIL

The Property consists of a range of auto service retail uses. This industry has outperformed other retail uses and is insulated from the effects of e-commerce.

EXCELLENT 1031 EXCHANGE OPPORTUNITY

• Strong Inflation Hedge: Scheduled annual fixed rental increases produce high NOI growth, enhancing future cash on cash returns and providing a strong hedge against inflation.

• Debt Free: The Property is marketed free and clear of existing financing, creating the opportunity to place new financing tailored to an investor’s desired returns.

5 | INTRODUCTION |

WASH & MART

INVESTMENT HIGHLIGHTS (CONTINUED)

HIGH TRAFFIC, REGIONAL

RETAIL PROPERTY

• Strategic Location: The Property is strategically located at the corner of N Escondido Blvd and W Mission Avenue with over 34,600 cars per day passing the property. The property is surrounding by many national retailers including Stater Bros Markets, Food 4 Less, McDonalds, Wells Fargo, Burger King, Taco Bell, Dollar Tree, and Rite Aid.

• High Consumer Spending: Within 3 miles the total amount spent on gasoline exceeds $116 million annually. The average household spends above $2,348 annually on gas in Escondido which is far greater than the average US household of below $2,000 annually.

• Strong Demographics: Within a 3 mile radius of the property the population exceeds 155,000 with annual household income exceeding $70,000.

• Ideal Regional Access: The Property is less than a mile from the intersections of the I-15 Freeway and State Route 78 (two of San Diego’s most trafficked arterials), providing simple access to an expansive customer base.

MISSION AVENUE

ESCONDIDO BLVD.

6 | INTRODUCTION |

WASH & MART

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7 | INTRODUCTION |

WASH & MART

SITE PLAN: W. MISSION AVENUE

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SCO

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FUEL STATION

CAR WASH

FOOD MART

FUEL STATION &FOOD MART

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EPAIR

CAR WASH & FUEL STATION

©2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

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INVESTMENT ADVISORS

NICK FOSTERDirector

949.798.4135nfoster@hfflp.comCA Lic. #01831851

DANIEL TYNERDirector

(949) 798-4125bley@hfflp.com

CA Lic. #01458927

FINANCING ADVISOR

GREG BROWNSenior Director(949) 798-4129

gbrown@hfflp.comCA Lic. # 01335204